Commercial Imperative
The in-house team was struggling to respond to new challenges. CPA was therefore appointed to undertake a strategic review of the property portfolio and to identify what actions would have a material impact on profitability across the global estate. CPA Role
An overarching Property Plan was agreed and executed in 3 main phases: De-clutter (to minimise cash drain and generate cash for reinvestment), Transition (to bring operational stepped change including smart policies and consistent processes) and Alignment (to deliver further compression and modernisation of the property footprint.) The Result
Results achieved through ‘Project Squeeze’ have been outstanding. For example the estate has dropped by 170 sites with annualised savings of £20m whilst generating £60m capital receipts. “Alignment” continues to evolve as an aggressive cost reduction programme drives more consolidation and the introduction of a new “property lite” operational model.